REGISTERED COMPANY NUMBER: (MM98913 IEngl¥nd aftd Walès) REGISTERED CHARITY NUMBER: 209413 Report ofthg TnBt995 and Fknan¢lal Statements lorthg YearEnd9d 3109wnbgr2025 WOMEN'S TOTAL ABSTINENCE EDUCATIONAL UNION UMITED KJ)ox Cropper LLP 15&155 London Roaj Hemel Hempsiead Hertfordshlre HP3 9SQ
WOIRKS TOTAL ABSTINENCE EDUCATIONAL UNION LIMITED Contonts ofth• Flnancknl Statèmènts for tho Yr Ended 31 Decernber 2028 Pag• R•port ofthg Tru8t•• 1 to 5 R•Frt of th• Indop•ndont Audltorn 6 to 7 Statsm•ntof Flnanclal Actlvltlo# Bala Shggt Notss to th? Fimnclal Statem•nts 10 b 17
WOAIEN? TLfAL A8STINENCE EDUCATIONAL UNION LIMITED (REGISTERED NUMBER.. IJOd989131 Rgportolth• Tnwt•O8 forth• Y•ar Ended 310oc4mbw 2025 The Truste•s, who aL%o th& Dir•dors ofthe tharty for thg PUTrOS8s ofth8 cornpan Act 2006, present 1hÈw rèpcKt wth the finanoal statements of the charity for tth6 ytrar ended DecamLr 2025. The Trust•8s have adopt t provisions of $Cunt.n9 and r8FK)rVJ by charit5.. Slatem6nt of Reeornmend8d Pfath"c 8ppIicANè to chanties preparing their ac£ounts in aC[[lan with Iho Fin8neAal Report Standard applicable In tho UK aTrJ R8wtrAic ol Ireland IFRS 1021 (Effectr've 1 January 20191. OWECTfvES AND ACTMTIES Objec and Aim8 Th9 r4xe work of th ¢h8rity is to raise aw8rgnesB, in a fartual way, of the haath risks and Ct)n8eqeS assoTrgd with Il misuse of alcohol, druw tcl)acco, 98mbling. motto teing 'Prornoti4 Heamhy Lrfgtybs' During 2025 tt)0 ¢h8rity anployed 7 members of staff - 2 fv11-time, and S psrt-b'rne. The chanty CA)ntinuad to 8r¥ty its inwme 'velY through tho Cc¥nmunty Heath ProJ8Ct to pFomots healthy lrfestyks using the 'fm to ban. sthme ol lnfomth.vè HÈahh Display Boards. These a desoned for Primary agèd chiklren, young pa0e arad luIts, covering gubjects rtrL8ted to our four core topics ol alcA)hol, dws, tobacto, gambliNJ. This Project was sèt up in 2012 and has gone frcTh stretvJth te streTrJth. Thère h85 a conbnual uptska in Ihe Project from Ibr8ri&s, gthooL8, CO1965, ph8rmac4es GP SUTgeries, and othèr ¢rgani5abons from the Vitst MKllands regi. and other parts ofthe UK Our HeaKh Display Bo8rd8 Fwer 0p1? to make 118GBions atKJut their heatth. lltoing and lifese. By dognin9 and printing'in hCe, we devebp subj* fcf •xh ofour topi. Pap1
WOMEN'S TOTAL ABSTINENCE EDUCATIONAL UNION UMITED (REGISTERED NUMBER.. 0049B9131 R•portofth• Tru8t00¥ forth• Yr End¢d 31 DrnbOr 2025 ACHIEVEMeNTS AND PERFORNcE Charitable actlvRI•8 Eac4) month th9 Boards cover8d a different subj'ecl related to our tr> t¥Jr¢ topic•. In National c¥mpgKJns were covered as. Dry January, No smong Day. • The Haalth Display Board5 were produd,In house,. • At the baginning ol each month t relevant Heath Display Boards were delivered tha Wagt MKllaThYs regn to schools, co10&$. libraries. ph8miacE$ aThJ othw organisats.ons svho haj pl8rd regular ordern. Orde[5 outsid8 th8 West MIdlaS region re posted. * Addition81 order5 for Heatth Dwlay Boards we CtiVd rggulaty thrOL9hl the year our website, anail and 'wotrJ of rnouth,. These orders were delived orposted. * Durfng 2025, a tot& 01468 Heatth Display Boards ww& er8d and rA)Stffll. The ffijrthest were po81 to Orkrw in Scotland, and to Bovington in Dorset. . Wth prior arrangernent, the Heatth DwlAy Boards 8180 from the office. An extensive range of age-appropriat• lrt8rabJ was deOpe and updatod by our staff And printed In house,. This liigrabjrg wa5 used in cory"unctKJn the Heahh Display Boards. available as hard 1pS and downloadab from cwr webstitt These resources. our websrto and othèr sodal mÈdiA platfonns, are usefvl tooL8 in pnvvjing infomiation ats)ut charity and the issues surrounding th8 four corg IopiL¥ of alcoh(A. drugs, tobacco, gambliro. Ourwebsite aThJ olh8f SOC4al mwjia pbtfwns were re9 upjated 'in hcxtse. wth infomiati¢n. and blogs. During 225 our Flnancè & Support Offitsr retired We dd not rectuit frJr a rlacnSnt as of our tsam now cover Fin8nc and SupF¢Jrt r¢¥FeCtlty. Ourteam comprises ot. . Resour and kn Qt reSpIble for ros8arthirvJ thè nnt èxd) trJi¢ and dosigning thè Ha8Mh Dwlay Btsards. afièts and other materi H&alth Pr LX Qinat9r. responsible for organi&r4J the bc>Jkings dèliveri85 wthin thg Midland¥ rggKJn and otr areas ofthe UK. su roorbng the Administration staff who prap8r8 and assèmble the Heath Display Boards. • ArchiM5URese8 responsible for the On9ng upkw of Arthive$," researthing for the ?ul¥l&S T1Vj and gssisting wsitor5 with ourArchNes. IT Mana m8lltlD&velts ènt A8SiStant.' responsible lor our IT and th¥ continu4 updatiryj of our ¥tte orKI social média F4atfDfrn5, a&4n9 wth the de Veprnent ofthe Heath Display Boarfjs and 0th8r material. . Administrth"on 5tsff.' reSporIble for prepariryJ and assem1 thg ¢tht¢nt on the Health Dwlay Btrards r&•Jy for delNary. For young 0p1a and adults, the Charity actvdy 5Xmt•d National Mpaigrts, with Heath Display Boards 5uth as, Dry January, Gambling Awareross, No SmoknThJ Day, Road Satsty Wg¥k, Stoptober. Alcohol Awafeness Wegk, Mgntsl Health Awareng8S. In addition. other tOPiC8 induded- Loot boxes in Vtr Garnès, &Mrwner Salety, Safe Night OUL Under the Infiuence. For PrimAry aged chiklren, the rarKJe of H•ath Display Board$ I[udj - Medicine Sakty, Lc)t Boxes in de0 Games, Mgntsl Heatth, Peer Pressure, Smoknng Awareness, Road Saf. Arehiv di9sation of th6 P8ric#Jicals pro%¢d inv4luablg in wtting dovm the research Ime for our ArthMst arhj for personal sitors to theArchNes. Digitsth"on minimised the need ts h8ndle fragi items. EnquiThe5'. Each month our Archivist rg¢èived sever31 enquiries from academKs to lamfly members trcrfn tre UK and overseas, which wuir8d éxtènsiw rè8èarth. Wth prior arrareTrt with our Archivi5( visitor5 aitsnd8d in r$On to research our Archives. and a PtOP was piovided for access to tho djsed materi81 11 n8eéssary, dCMentS relrieved in preporthon forthè v&ts. Promot'onal.. The history Of tharty was prrynotsJ thrO]h ourwpbBite, soa81 modia pl8ltomis. and ofmouth,. The 'ArchiveslHistOry' section of the website was rpgularly updated with an extertsive 8mount of inlornation regarding the history of the th8rity, other ternper8nre organisath)ns. Our Ah1$t also blogs and uyjgtss to our website. Chjr Archiwst was available lo attend events to share information about thè hkstory of the tharity and our 8rthN85. Pag• 2
WOMEN'S TOTAL ABSTINENce EDUCATIONAL UNION LIMITED IREGISTEREO WMBER.. IJ04989131 Rtrport ofth• Tru¥t•o4 ktrthg Yoar Endod 31 Docornbgr 2025 V15itsto Ihg wgre w8lcL¥n8d by prior arr8ngement. W8bglt• and Social M•dia The8e Ere m8na9ed'Trhouge' and updthy reJuLqrly wth latest ne. resour, btog$, s(tial media FKsts. etc. The Soc4al Media atrO8 were invaluatle as 8 link with like-minded organisalons, membeTg of the and other interested parties, and to promote oufseM aThJ relevant Naoonal eampaigns. Future Dpvtlo . Positively prrynote the and servK8s ofts charity. . Maintain and update ourwebsite social wdia . To exLend links libraries. s¢hooLs, colleges, pharmacies, GP surgeries, Ictsl communty goups, Other a9cl&s, and like-minded organi8ats)ns. . Continue to develop our restyJI. • Continue to promote our arthNes and research se. • Continue with the tylb$allOn of 0urard1N matèrial. FINANCIAL REVIEW In¥98trnf pollcy and objgcllves Und8r thè M•mot8rvJum and Artth of A5so(iabon, Ihg tharity has the pc4ver tc make any inv¥trn8nts, which the trustegs fit. Th• trust•8s' inv•stsn8nt poliLy preclud85 any dir•ct investrngnl in ?h01 or tobacw fglaw eomp8nos. Th8se ftmds have been invested C the a of the investrnent broker, UBS, WEth the stiputation that 8 propOrOn of the trjnds are In$tj in fixwj int8r8st secutitr•s to todLU its exposure to fluthation in share pri. Fln•n¢lal revlew Thè 013t10n$ for th8 ytar tèsuttad in a ngt incornirg ftjnds of£1.136.89912024'. £W2.n71. The not 98inW(losw} on InStm•nts farth ye8rw¢re 9thft8 01£1,245.75912024'. £604,944). R•88r¥o8 polley At tho year end. th? tharTiy had totsl Teserves of £11,503,438 of whKh were reStricted and availabla gYFeritur¢ ¢r hJtUTe dgsiGn8tKJns by thtstwsts8& Following the sale of a property li London in November 2004, the charitys reserves have wea5ed svJnificartly. Part of the reserves has been applied to house the administration headquarters in Solihull, bvhith we opened in SeptembÈr The Charity has kn renlal prortres dassed as investment properties. 80th ol these prOties are valued 8nnuaty by Surveyors based on open market value, a5suffjing that the properb.es would be sdd subj.ect to existrro tenanrye8. One rental property has a current mad(et valJ8 of £385,OX) compared to the ¢Jigind citst of £243.050. There was Tr) cange in fairvajue this year. The oth&r rental property has toen r8<1assifi8d to Curr8nt Ats and hag a cuffent market Vau8 of£2eo,(KJO. a £5.CKJ) depreciatr'on in Val from 24. The revaluation reserve atthe yeareTrJ was £309,761 whth rglatas lo tho abow mon00d InvestrnentproFertw. ExpeThJthre on charitabb has iicrtra58d to £366,188 12024.. £249,301) during tha current year and the twstees arè Consideri levels of seNeS that arg rw4uimd to mÉèt longgr t8rm prci8Lts. To fijnd OnJing pro1ts, the chanty reIveS incc4ne frcm rts invastrngnts and Is also r8gi8t8red to rèceivé Grt on ts donth"ons. In the curr&nt economie dimat• th• r•bJm on Nlmants i¥ to flytion and Ily¥ can thè d)aWs Ie1 of r8servas. Page 3
WOMEN'S TOTAL ABSTINENCE EDUCATIONAL UNION UMITeo (REGISTERED NUMBeR: 004989131 Report oltho Trte•S for the Yur Ended 31 Decernber 2026 STRUCTURE, GOVERNA14CE AND MANAGEMENT Governlng do¢um•nt The organisation is 8 charitabfe Ixynparny. limital by gu8r8ntÈe. inthrpor8tèd Dn 27 AaUSt 1951 and r8gistarad as a charity on 10 January 1963. The company was established under a MorandU ofAsKoats'on. whth esl4blishwJ th8 obiecL¥ a1 powers ofth8 ¢hJrit8bb rnpany and 1$ gov¢med urtr its ArU¢b$ ofA¥wiation. Memtrrs ol the charitable company guaranlee lo COrtrit an arnrAJnt not ex&pediryJ £1 to the a880ts ot tho chitabl& mp8ny in the event ofwndiry . Rèerullmènt and appolntmènt of nèwtru#té•8 Th8 directors of the o)mpany are also tharity tNstee5 lor th8 pUOse ol charity law and under the ccmnpans Arbdes are known as mernbers ofthe Commrttee of Manag8ment Vvhan a vacancy occurs on tho Board a parson spocffication is propar8d. basad on tha paTbuJlar skAb whith r¢ required at the b.me to C(trUle to the chariws management And develcpnent. PotentK41 trustees are sometimes suggasted by m&nters of Ihe Board ofTnJstees, cf may be found by othermeans of reenjitrnent All trJst•85 must mba c4this clurity th•W)it• Ribbon Assotsalton Ine IrwJthMd ermpany 391771. Organlsatlonal structur• The Committeè tsf Managemént eAJrr8nOy consi%tg of fivè mèmb8rs.Thè of Assori8tK)n réqulre Ihat a quoNm of at 16ast fivè marnbets ba p[nt whèn thè msèting proctds lo iusinass. Th* d8y to day runrnng of the busrEss 1$ dèlègat8d ta an administratorwho liases 1 mèmb8ts ofth& Commlttsè of manag8Th1. Inductlon and trainlng of now trust All trustees are farnilkgr with the pracb'ca of the d)arity. truste88 are invtsd 6n(XsW8ggd to attend meoty'ThJ with the secrgtary and other trustee8 to farniliaris9 them591v with the obligations and responsibilities ol the rnmittee ol rnanagenert the governing docwnenls of thè ¢harity, the rrent finanaal position ofthe organisatlon ts fvrture &S 8nd ot1e. REFERENCE AND ADAIINISTRATNE DETAILS R•gl8t•rnd Comp•ny nymb•r (K)498913 IEngland anol Wales) Rogi$tw¥d Chority numbor 209413 R¢glst¢rgd office RosaliThJ Carfisle House 341 Tanworth Lan8 Solihull West Midlands Bg)4DV Mrs R Harrod Trusta& Mrs G P WlliamsTrustaè Mrs A Hindw Tw¥tss Mrs M E AY Trustee Miss C Hindley Trustsg Company S•¢rntsry Mrs M E Ayre AudIrn Knox Cropper LLP 15>155 London Road Hemel Hwnpstsad Hertfordshire HP3 9SQ P4e4
WOMEN'S TOTAL ABSTINENCE EDUCATIONAL UNION LIMTED (REGISTERED NUM8ER.. 00498913) Report of the Trusiee$ for the Year Ended 31 December 2025 REFERENCE AND ADMINISTRATIVE DAlL$ Bankers Ltoyds plc 195 Edgware Road Packlington London W2 IEY EVENTS SINCE THE END OF TrIE YEAR Inforwation ielating to events 5inEe the end of the year is gweTr in ts notes to the fvancial srateTnents, STATEMENT OF TRUSTEES. RESPONSIBILEs The trustees (who are a150 the directors ot Women's Told Abstinence Educabonal Union Limited Icf the puws of company lawl iesponsible IDr preparing the Rewrt of the Trustees and the financkHI sfalements li aGwidance wlih appJi¢Able Saw and Uniled Kingdom Accountiry sdards Iuniied Kingdom Generalty APIed Accountiry practi). Company Law require5 the trustee5 to wepare financial staiements for each linanciai year. Under thai Iw, ts trustees ave elected to prepare Ihe financial statements in accordance with United Kingdom Generalty Actepted Accountir¥J Prae Iuniied Kingdom Accouniing sards and applicabLe lawl. Under (xtnpany law the trustee5 rnU5t not approve the financial stsiernent5 unless they are satisfied that they give a true and view of the stale ol affairs ol the Charitab rnpanY and of the incomirvj resou5 and application of resowces. including Ihe Income and expEndittwe. of the thItatste company for that period. In preparing those financial statements, the trustees e required to seknt sultable accountkng poll¢ps ancj Ihen appty Ihem o)ns5Stenty', observe Ihe methods artd prin¢iples In the Charrties SORP., make jL%lgemènts and e5ts"mate5 thal are ¥ea50nable and prudent., ppare the financial siements on the going conrn bag.s unless tt is inapproprlate to presLme thai the chartb company wim continue in business. The trustees are responsible for keeping proper accountiro recor(s which dise re&sonable accLwacy at any "me the position ol (he Charitable company ar to erhats them to ensure ihai the linwKkil sr*menis comp wth the CompanEs Aci 2006. They are dso responsible for s8feguardiry ihe 8ssets of the chaiiiable company and hence for tskiry reasonab steps lor the preveniion and deiection of fraud and othef irtegularthes. In so faras the trusrees are aware.. ¢here is nD rdevant audit information of whKh the chariiable company's auditors unaware., and the trustees have taken all steps that tlw ought to have taken to [Tke thereS aware of arty relevant dI1 snfoFmatv)n and to esiablish that the auditors are aware Df thal information. Approved by orrler of the board of trustee5 on .. ar soned on ts tehdl by. ILI £g- Mrs M E Ayres- Trust Page 5
Report ofth• Independènt AudtoryJ to th• M•mbots of Wom•n'# Total Ab¥tin•n Edu¢ationAI Unlon Llmii•d Oprnitsn We have audit&J tho fiancIal statsmw)ts of Wcmen's Totsl Absongn Eilwtional VINC mIj (th& charitabfe CL)mpany'l for the year endeA 31 De(£mber 2025 which comprise the StatemÈnt of Financ#al Actimties, the 8alan Sh8et an¢J not•s to th8 financial statemgnts, Fnduding a 5urnmary of SigniffnI COUntirJ pol£¢i?s. Th8 finanoal repoftiNJ framewot Ihst h8s beèn 8ppliÉd in thr préparation is 8pplicabb and United Kingdom Aeeountiro Stsndarrjs Iunitad lQ"ngdom Gènarally Actsptsd Aectyjrtt'ng Practi}. In our rrfjinhjn the finanual statrmènts. gwe a tru8 and tsir wew of state of the tharitabb company's affairs as at 31 Dernber 2025 of ts in¢)7miryJ rasourc85 and application of reswrrm. Ind11j ts inrnme and gxpendiiure. for the yew then end8d", hAvÈ prOrty prépared in ac£ord8n wth Unrted ngdOrn Generally Acwted ACCOting practi.. and hav? be8n prepared in arwrdance wth the reqiirements ofthe Compani85Act 20C6. Basis for opinion We conducted our audrt in ec(8 Intemational Standards on ALvJitirrfJ IUKI IISAS {UKI) and 8pplc8ble Lyw. Our respons&)ilities under Ih05e StaardS are fvrther deStbed in Auditors. responslbilities for the audit of the finanryal stat8mgnts section of our report. are indepeTrlent of Ihe charitablo cMpanY in accordance wth the ethKal requsrements that are rdevant to wr a1£ of the financial statements in the UK, includiNJ the FRCS Ethical Stsnd8rd. we have lfilled our oth&T ethical sponsibl11es In aco)rdance wth these quIrements. belpve blat the alrt evhYenc8 have cl)tained Is 8uffident and ¥proprfate to promde a basis lorouropkn)lon. Concluslon8 r•latlng to golng concem In auditing the finanaal ststemants. w• hav• eonclud8d Ih&t th• trust•8s' of Ihe 9Jiro concm basis of aox)unting in the praparalic)n of t financial statemants Ls 4wropriatè. Based on the work we have perfom)l, wè have rtot ntir any m8tèrio1 urh¢¢rtaintigs relating tts &verts or cthidltions that, indiindually or Collectity, may $t sbJnth¢ant doubl on the tharit8b eomt)aws akn'lty to conb.nue 88 g golng conc•m for 8 period ol 8t 8$t%1ve months from when the finanual ststements are authortsed issu8. Our rèsponsibilitiès and Ihe respOnbIl05 of the Inthes Mpith ¥esperA to goiTrJ rnnrn are (k$cribl in the rèlèvant sections tsfthis wt)rt. Oth•r Inforniauon The trust¢8s aro rgsponsikl& fr>r tho other infomation. The other infomation ¢omprises the information Iluded in th8 Annual Rèpor( otherthan th? financial $lments and our Rwrt ofthe IndeFEndent Audito thereon. Our opinion on th? financ•al staknents dcs Th)t cover the other infom)ation and, except to Ihe extent othervits 8xplirilly stated in our report, We ¢) not express any forrn of assuranc£ Cx)nduSn thereon. In neOn with our alIt of the financial stalements, our responsibility is to road th• other infom)ation and, in doiry 80. consider whether the other inf0miat1 B rnatsrially InnsiStenI ¥wth the finanaal statents or our knowledge obtained in the aJIt or othemise appears lo be materialty mi8StabJ. If we identty sh materiol innSIstenc4es ¢X apparent material rnisstalements. are wwired to determirn whether thSs gEV&S risa to a materfal misstatement in the financ4al ststements themsefves. 11, based on the wc¥k we have perfom)ed, we condude Ihgt there is a material misstatement of this other infonnaticfi. we are reqUIj to report thatfact W8 Ma nothing to reFort in this rega. Opinions on other matsrs p¢rfbed by the Companlw Act 2006 In our q)inion. based on the work undort8ken in thè coursa of thè 8LxJ the Inlonnation given in the Report of the Trusleeg for the fin8rtial 81 for thè f81 ststements are pr8pated is con515tentwrth thg finan(ial statgments." and the Report ofthe Trustees h85 Len prepared in acojrdanct ap1¢991•aal requirernents. M¥ttorn on whlch aro requlrgd io report by exceptlon In tha ligm ofthè knowlèdga undèrstanding of thè tharitgbk8 eomp8ny 8nd ils enrLrnerrt obtartèd in thè cDurse ol the audlt, we have not Hjgnlifigd m4tsrio1 misstststngnts in Report oflh? Trustegs. We have nothing to tpport in rgwgct of foll1ng matters whgr¢ the Companies Act 20m r9]ul to rwrt to you rf, in our otinion: adgquatè accounting re(x)rds ha¥e not kept or retsjms adequate for our audit have not been rÈc•fv8d fnm brarK8s not vi$itgd by us". LY lh2 fin8neial stateménts 8r8 not in •Jreement wrth the arrDunting rectjrds and retyms,. c¢ (¥rt8in disdosure5 oftrustees. rernuneration 8pectsd by law are Tr)t made., or we hav8 not rerEiv8d all the infornation and explanat'ons require for our aud¢ or thè truytÈÈs were not ent[td to tske advantage ofthe sm811 companies exemptK)n fr(m wuirement trth prÈpArè a Stratsgi¢ Roport or in prepariTrJ the Report ofthe Trusiees. Page 6
Rèport of thè 1nd•nd0nt Audltorn to th• M•mbèM ot Wom•n's Total Abstlnen Educallonal Uni¢)n Limit Re8pon8lbllitios of tru8tee8 As explainod mor6 fully in th8 Slatement of Tr4tsts8s' Responsi1$, th6 tnthes lltho are aLso the direclors of tharitsble cempany forthe purp)ses ofcompany lawl Bre responsible tor the Pp8r8tK)n ofthe ffinanc4al statsments and for b8ing sab"5fi8d that tsy gN8 a tru8 atvJ fair V4, and for such intsmal £¥ntrol a5 Ihe Iwste8s dt•min8 1$ cesSary to enab lh8 pr8pardth?n effin8ntsal ststam8nts that 8ra fraè from matèrial Misstatèm1, whthèr d1 to fr8ud orerror. In pieparing Ihe financial stslThnts, th9 tts9$ atg rgsponsiblg for 488wJ¥ing Ihg charitsblo eomp8nVs 8tilty to ntinue as 8 going ¢crtm. didosing, 8$ ¥)pli¢3ble, matters related to going ¢onom 8nd usiro the golng concem basis ol aCuntirQ unless Ihe trustees either inteThY to IKiuidate the charitable cornpany or to 880 cwabons, cf have realistic arternab've butto do so. Our r•8ponèlbllW88 for th• audlt of thé flnan¢lal 8tAt•m•nl8 Our objectives are to obtain reasonab assurants about ythether Ihe financial ststements 8$ a whob am fr¥& from materkal misstatement whether due to traud w error, and to iS6ue a Report of the Independent Auditors that indud•$ our opinion. ReasonaNe assurance is a high thl of a85urance, but IB not a guarantee that audit cnndu(ed In accordan ISAS IUKI will athays detect a material rnisstatem&nt when it exists. Misstatements can arise frryn fT3ud or effor and arg considered material il, individually or in the aggregate, th8y could reascfiabty be expected to influtrn the economic deusions of u$S tsken on the basis ofthese financ#al statements. The extent to %thlch our procedu are capabk of detedng irregularttks, Indudlro fraud L8 detaik8d teloby. • The Charitabla Ccmpgny is raquij to compty wlh botr 4X)mpany law and chanty law and, based on our kn¢y+ledge of s adivitiès, irl$ntifÉd that iho legal wuirement tts acojrately accountfor rastrictwj fundswas of key slgrMfican. We gained an understanding of hové the ehantable company eomplied th Its 981 an¢J regulatory fram8worK nduding Ihe reqU1ment to proppfiy acwunl for t8sth¢twJ fund$. thUgh dis¢u$sions th rnonagennt and a mi8w of the doDJrn8nted policaes, proradures and CL)ntrols. Ths audit téam. which is éXrncd in tha aLKlit of charitiès, considéf8d thè d)Srit8 company's susc8W"bilty to materi81 rni8statement and how fraud rnay oc(yJr. Our<88ratiOns induded Ihe risk of manag8mèntoverrvJ&. . Our approath was to ¢hgd( Ih8t all rostrict in¢orng was propgrfy thntified ¥rKI separatsty atsounted for and to ensure that onty valid and appropriats exnditure w85 charged to re81n.chy ftjnds. This indudwl reVrj loumal adju5trnents aTrJ unU01 transacb'on& There are inherent lirnitati'ons in the audit procedure5 desixbed above and, the frjrther remobed non-LX)mplpan¢è v s and regulations 55 frorn the events and transa(¢)ns refle¢a&Y In the financial ststements, the less likely we WOLikl become aware ol it. risk of not detecling a material misststement due to fraud is hvJher than Ihe of not detscting one rosultirvJ from error, as fraud may iThvolve deliberats nalm8ftt by. for exarnpk, forgery or intentit)nal misrepresentations, or through coluyon. A fvrther descrfption of our respc¥tsibilib"es for the audit of tre financial statements is l¢xatsd cffl th8 Fanal Reporting Council's Mebsrte at vAW.frc.org.LJaudrtor38p0n$1b1lIe This descripti fomis port of our ReF()rt of ts IndeFeIrt Auditors. of our rwrt This r6POrt ts m8d6 solèly to the d)arbtable eonyanls members, as a txjdy, in accorda with Ch8ptsr 3 of Part 18 of the Compantes Act 2LX)6. Our audit worf( has been undertaken so Ihat might st2te to the charite compaW mgmbfyts tho$& mattèrs arè wuitEd to stst& to them in an auditors, rgport and for nts thr purpose. To the fvIst extènt Femitted by L, we do not 8p1 or assune responsibility to anyone other than Ihe eharitabk cAmpany and the tharitablè Company's mamLrs 8$ a tthy, forouraLvJrt*Y)rk, forthis r8port orforth8 oplOng hav8 fm8d. stephen Ander50n (sen}r Statutory Auditor) l()r and on behall of Knox Criyper LLP 15&155 London Road Hemel Hempstead Hertfordshire HP3 9SQ 3.a.. Ju.ly.2..o.2..C.. Page 7
WOMEN'S TOTAL ABSTINENCE EDUCAnoNAL UNtC*I UMITED ststèm•nt of FlnAnel81 Actlvftl&s (InrPOrating an Inme and Exwndlture Account) fort Year Ended 31 December 2025 2026 Total 2024 Tc4al fvrKI$ Unrestricled Rèstrithd fijnds fvnd 5NCOME AND ENDOWENTS FRCal DonalK)n8 8NJ WLie 475 Ir)lment income Other income 310,248 13,048 310246 13,048 278,505 Total 323.314 323,314 276,980 EXPENDMJRE ON Raising fvnds 73.289 73389 89,846 Charftablo aclfvities tstInent Educab"tsrn 366,188 386.188 249,301 Tt>tsl 439A77 439A77 319,147 Netgains on inveslments 1246.769 1246.7S9 NET INCOME 1,129.596 1,129,596 RECONCIUATION OF FUNDS Total fund8 brought foward 10.364537 10.366,537 9.803,760 TOTAL FUNDS CARRIED FORWARD 11,494133 11A96,133 10,36S,537 The Th)tes fcmi oftho88 finawial 8tatements Pap8
WOMEhfs TOTAL ABSTINENCE EDUCATIONAL LINION UmED (REGISTERE6 NUMBER: 00498913) Balance Sheet 31 December 2025 2025 Total funds 2024 Total funds Unrestricted funds Restriaed fund Notes FIXED ASSETS TaThJible assets Investments Investments Inve51menr propety 552,989 552,989 559.2( io li 10,135,232 365,000 10,135.232 365,000 8,953,078 365,r IL0S3,221 11,053.221 9,877,286 CURRENT ASSETS DeblOIS Investmems Cash at ba¢ and #i haThd 12 13 20,258 360,OtyJ 106,847 20,258 360,000 106047 8.348 365,000 152,781 487,105 487,105 526.129 CREDITORS AUnts falling duewithin onèyear 14 (H1931 6,8781 NET CURRENT ASSETS 442,912 441912 489,251 TOTAL ASSEfs LESS CURREMT UA81UTIES IL496,133 .491 10.366,537 NET ASSErs 11,496.133 11,496, 10.366,537 FUNDS Uniericted funds.. UNestri¢ted centr Funds Fixed Assei Fund Revation Reserve 15 iO.W.U4 9W228 309.761 ,077,329 974.447 314.761 I&496,3 10.366,537 TOTAL FUNDS 11,496,133 10,366,537 These financid 5tateNEnLS have been prepared in acc(Ydan¢e wrth the wovisions appIable to charnable comFn$ 5ubjecl to the Sm1 compaThes gime. The li anEial 5tateTT*nts were approved by tIE Board ot TreS and auttori5ed flx issue . aKI weie ggned on ils behaK by.. on MEA Thè notes fomi part ol ihese financial statements Page 9
WOMEN'S TOTAL A8STINENCE EDUCATIONAL U1410N UMITEO Not•8 to tho FI¢101 Ststsmonts for the Year Ended 31 December 2025 ACCOUNTING POUCIES Bag1# of pr•pariNJ th• finan¢ial ¥tstsmgnts The finanual stathenis of the charitabl8 company, whlch Is a publ1¢ t4nefil entty under FRS 102, hawa bggn prepared in acc¢)rdwK the Charitses SORP IFRS 1021 'Accounting and Reporting by Charibes." Statement of R8wmmended prac. applicable to charities preparing their aocounts in accordance wth th& Financaal RepoTbng Stsndard applicable in the UK and Republic of Irdand IFRS 102118ffects ? January 20191., Finanoal Reporb'ng Standard 102 The FinancAal ReportiNJ Standard ¥)plngblè in thè UK and Republie of Irèland. and Ihe Companies Ad 2(K)S. The finanoal stattrrntrnts have L8 prppare(l under the hi51orK81 Gost convention, with Ihg exception ofinvestments which a induded at m8that val, as mlfied by the revaluab'on of¢rtain ts. Incorng All inct)mo is rwnil in tha Statèmènt of Finants81 Admbes On the charity has enbtrement ts) the ftjnds. it Is probablèthat lh• incLtyna will b¥ TtrcivwJ and ts wnount be measur lobly. Expendhur• Liabilitie5 are rsetsJniÈd as ewdthjre as 8cx)n as there is a regal or constructlve ot4uaOon commrtb.ro th8 tharty to that expenditure. rt is probable that a transfer ol economic b&n•fits wll b8 r8auir8d In s8Wem6nl and the 0VnI of the thigabon can be measured reliabfy. Expanditura Is a(ts)untad for on an acLruals baS and has teen dassffied uThYer headings that gregate all eost r&Lat to Ihe G3tegcYy. VVh8rè c08ts tannot be directly attribubj lo partKular h•aJings th8y havo baon allocat8d to on 8 b85iB CCrftrSi5t8nt with the uga ofreSDur. Tanglblg ffx•d aM¢ts Depreciaticffl IS at the folowK¥J annu rates in cfdar to vrrite off eath as8gt over ts •5tim8tèd us•fiJl Fro8hokl prowty Fmtures ffttings 2% on cost 25% on Inv•6tmont property Investment property 1$ $hown tyt mc6t Tent v4uation. Any aggregate surplus or defiot artsiTrJ from caroes in fairvalug is r9Wgn9d in the Ststernent of Finanrial Activities. T¥xaUon Th9 ¢h¥rity 1$ exernptfrom coryjorabon tax on its charitabk? activrbes. Fund aceountlng Vnresth¢ted fvnds can be u8eJ in atxord8n with the chartLabl• objèdiv•s 8tlh8 disL¥8t oflh8 truste•s. D8sNJnabJ ndS are set asije by the trustees out ol unreslrkaed general fvnds for speiiftc frrtu purposes or propcts. Restrictsd funds can only be used for pa.J1#r wstrid8d purFX)88s within the 0ts ofthe chwty. Rgslrictns ans•wh8n spacifi8d by tha donor or fLYtd5 are raised forparbcular resth(a¢d Furtherexplanation olthè naturè and purpose ofeath fvnd induded in the notes to tho finanad statements. Pen8lon c08ts and other post-retlrnnent benofiis Thg ¢haritabb ¢ompany operaies 8 defin o)nlribubon p8nston sme. ¢CtribUtic$ payabb to the Charitab eomp8nWs pensth sd)Èrne aro Chary1 to the Statement of Finanual ActNiles in the period to whKh Ihoy relaté. Inv•bkn•nts Invgstrnenls held as fix1 asset are revalu8d at mid-market value at the balan sltset date and redised and unrealiY gains 8nd losses iaken to the Sta(ernent of FinancAal Ac"Mts&s. Golng eoneèrn After reviewing the carWs forecasts proj8ctions, th• trustw havg 4 rgasonlg axpectats.on tt)at harity ha5 adequate resour(es to uJnb"nue In operal)nal existen fr)r thè foreseeè firture. chBnty therefo Contin to adopt the going COnM basis in pteparing thg financi81 $tsternents Pagg 10
WOMETrfs TOTALABSTINENCE EDUCATIONAL UNION UMITED Notes to tho Flnanclal Statsm•nts. eontlnu•d forthe Year Ended 31 December 2026 INVESTMENT INCOME 2026 24 Rents rec8ivfd Investment income Daposil arAJunt Inter9St 10,200 267.711 31336 13.9KJ 249,212 13.313 310.246 276,505 RAISWG FUNDS Invo$lmènt managementto 2025 Portfol rnanagerrvant 69,846 SUPPORT COSTS Man&Jement Flnanc TotsL8 Ab8tinerKe Education 147,798 169 87,562 236,629 Support Costs, kndLktsd in the abw, or• 0$ fo11trrt.' Management 2Q25 Abstinenc Education 2024 T¢tsl È¢'Mties Salart8S seojty Employefs Pensions Rates and watèr Grtyjnd rèni & same8 d[99$ LKJht arvj at Premises insuran Wsbsrte IT 9Xn8$S Rèpairs and rènèwxt5 Prof8s&onal thar99 Travgl, 1¥)tel & subsi5ter Staff training Staff refreshrnents & events Telephone and Intemet BookkeIng Cleaning and garder4ng Archive management Depreoation oftsngbkg asset 82,283 2,111 2,925 1.746 6.120 8A19 6.274 1213 24,290 4374 1794 916 17,266 1.947 IA13 767 456 5.100 7A97 6,670 r42 6,766 6,219 147,798 147A58 Pa11 continu...
WOMEN'S TOTAL A8STINENCE EDUCATIONAL UNION UMrrED Notes to tha Flnanelal Ststements- eontlnu•d tor thg Year Endgd 31 Decwnlw 2026 SUPPORT COSTS- contlnue(I Finance 2025 Abstin&n¢• Edwation 2024 Total Bank charges 146 Govwnance co8ts 2025 2024 Abstinènr Total Edti 8LwtEs Trustees, expenses Au¢Jitors' r8muneration L&301 f989 10.944 76.632 10.098 19.887 87A62 31,050 NET INCOMW(EXPENDrruREI Net incomel1expen¢SreTr i8 stated after¢hargiryllc¥edibngl'. 2025 2024 Tomungr" tkprecMtion. (Avned assets 10.944 6.219 10.098 TRUSTEES, REMUNERATION BENEFITS There were no trustees, rematiOn or other tenefits for the year end&J 31 Decembw 2025 thg ygar 8ThJ8d 3108cambor 2024. Tru8tee8' expen8e 21125 2024 Trusta&s' axpanses 86 1,265 Duriro the year, travel exFenses were p&d for 2 trustees. STAFF COSTS 2025 2024 VV8g8s and salariès SOCI sècurity eosts otherpgnsion (wts 173,237 7.881 3,071 132,072 6,779 2,¥25 184.689 141,776 The awa98 monthty wmberof durin9 th• ywwas a$ foll 2026 2024 Admin & support staff No gmployo9s rec•iv&J 8mdym8nls in excess of£60,000. Pagè 12 (tinued...
TNQMEN'S TOTAL ABSTINENCE EDUCATIONAL UNION UMITED Note¥ to the Flnan¢lal Statements- ¢ontlnugd forthe Year Ended 31 December 2025 COMPARATIVES FOR THE STATEMENT OF FINANCLALACTMTIES Unrestricled Restricted knds Jnd Tot81 fvj INCOME AND ENDOWMENTS FROM Donatsons and legacies 475 475 Invgslment ino)rng 276,506 278,505 Total 276,980 278,980 EXPENDITURE ON Ralsing fu19 69,848 69,846 Chorllablo a¢fjvltlo9 Abstinence Education 249,301 249,30q Total 319,147 319,147 Ng1 gain$ on investmgnts NET INCOkE 562,777 562,777 RECONCILL4TION OF FUNI)S Total fvnds bLh1 forward 9.803,760 9,803.780 TOTAL FUNDS CARRIED FORWARD 10,36Q537 10,366,537 TANGIBLE FIXED A&8ET8 Flxluro9 and fittinys FmhokJ rffopety Totsls COST At 1 January 2025 and 31 December2025 666,716 16 671232 OEPRECLITION At 1 January 2025 Charge for year 106,971 5,874 113.024 6.219 At 31 Dmber2025 112,84S 119.243 NET BOOK VALUE At 31 Dmber2025 $52.871 118 061989 At 31 December2024 $58,74S 559.2C P8ge 13 Jntinu&J...
WOMEN'8 TOTAL ABSTINENCE EDUCATIOWIL UNION UmED Nots8 to tho FIrn¢la1 Ststemen¢B-contSnwl lorth• Yèar Ended 31 t*¢ember 2025 io. FIXED ASSET INVESThIENTS 2025 Shares CMh8r 9N4348 640.886 8,303,955 649.123 10.136.232 8.953,078 Addits'onal informat¥)n gs follows.. invgstrnents MARKETVALUE At 1 January 2025 Additions Disk)8a19 Unrealised gainAoss Realised gainsllosses 6,303.955 2.367,018 12AZI,3861 1.285.055 134,2961 At 31 Dmber 2025 9N94,346 NET BOOKVALUE At 31 December 2025 9A¥346 At 31 D8cemb8r 2024 8,303,95S IndLKled within list•J invesknonts w•rn Invastr a55•ts outshle Ihs UK of£2.W,08112024.. £2,834,366) The lollowing invethents rffjent thosg hokliros Iha( ty markot value, exceed 5% oflhè ttstal martet value of th8 listed invesknent portfolios. Proportjon of total Uork•t listed valuè Va•$£ 512,249 UBS AG Wealth Management UBS ILUXI FD SOLUT MSCI Emrging Mthts Sec Res Holdlng 38,0 5.4 Cost or valuation at 31 Dewbgr2025 is representsd by. Invo#tm8nts Van in 2025 gA94,346 Inve81ments {nèther listed nor unli$) were 8$ fcllow6'. 20 2ff24 Cash held by inve¥trngnl rn0nar 640.886 649,123 Page 14
WOMEIIS TOTAL ABSTINeNCE EDUCATIONAL UNION LMITED Notss to tho Flnaneial St4t•mnts- n{thUd for th• Y•ar End¢d 31 Decnber 2026 INVESTMENT PROPERTY FAIR VALUE At 1 January 2025 and 31 DeL202$ 365,ofM) NET BOOK VALue At 31 08br 2025 366,000 Al 31 tl¢(mb&r 2024 305,OC4J Inve5tsnent yopaty nsts oflreehold prop•ty at 23 Belling Croft. Mcfikspath. SolihuA, mIdndS 8 4XP. The Fwrty was v8lu&J by Tim Boffey SuNeyors basèa on OFèn rn8rket Vae, assurnYvJ that the propety woukl L sold subje¢Ato wst'ng tenancies. 12. DEBTORS,. AMOUNTS FALLING DUE wrrHIN ONE YEAR 2020 2024 Irte Ribbon Associalion {Not8 171 Other debtors Prepayrnents )d 8£cru incY)m• 1110 13.743 415 1DJ 20.258 13. CURRENT ASSET INVESTME18 2026 2024 Inve8trnont pr¢p8rty 360.000 385.CDO GrouThJ Fljor FbL 29 NetheNthJ Road. London. W14 C8L was walued at £360,LKKJ by Peter Baryy SuNeyor& CIIEDITORS: AhlOUNTS FALLING DUE IMTHIN ONE YE4R 2026 2024 SoL¥d security and other taxes AethJ81s and deferred Irne 36,878 44,193 36,878 1& MOVEMENT IN FUNDS movement In At1.1.25 31.12.25 Unr•¥trKted fvnd Unwtrt¢ted centr Funds FKed As8el Fund Rovaluation Reser¥ 9.077,329 974,447 314,761 1,140,815 163191 15.ODOI 10.218,144 968,228 309,761 10,366W37 1,129,596 11A96,133 TOTAL FUNDS lo,36637 1,121596 11,496.133 Page 15 continued...
WCEN's TOTALAeSTINENCE EDUCATVJNAL UNK)N UMITED Not85 to the Flnanclal Statements. contknued lor thg Year ended 31 December 2026 15. MOVEMENT IN FUNDS. contlnued N&1 mOVeffntin fiJnd$, induded in the atKJve are as follows.. In1mIj Resour Gains and losses Movement in fvnds Unre$trkted fvnd• Unrestnctsd Central Funds Fixod Asset Fund Revaluats"on Res&ve 3U314 1433,2581 16,2191 1.260.759 1.140,815 16,2191 Is,0001 15,0001 323.314 1439,4771 1.245.759 1.129&96 TOTAL FUNDS 323.314 1439,4771 1.245,709 1.129A96 Comp•rntlv•8 for mov•m•nt In fund$ movement fvnds At 31.12.24 At1.1.24 UnrBstriCt fund¥ Unrestricted Central Funds Fixerl Asset Fun¢J Revaluats"on Reserv 8.397,788 981,213 424,761 879.543 {6,7681 1110,OWI 9.077,329 74,447 314,761 9,13,760 562.777 10,3e6.537 TOTAL FUNDS 9,803.760 562,TT7 10,3e6,S37 Comparab've nèt rnovement in funds, induded in the abow are &8 fdkn Incomi resources Roso¢Jrc•s expended Gains aThJ 108S89 Movernent in fvnds Unr•strlctsd funds Unrestricted Central Funds Fixed Asset Fund Rgvaluation Re5eNe 276,980 1312,3811 1fj,7661 714.944 679,543 16,7661 1110,0001 1110.0001 276,980 1319,1471 562,TT7 TOTAL FUNDS 276,980 1319,1471 562,777 Page 16 conkn"nd...
WOMEN'S TOTAL ABSTINENCE EDUCATIWL UNION UMITED Nots$ to thg FInala1 Statwn•nts. contlnugd forthè Year ended 31 December 2025 1& MOVEMENT V4 FUNDS. eontinu•d A Crrenty? 12 months prior year 12 months 4Xmbin8d po$th'on 1$ 88 frJlhM.' m?0n1 At 31.12.25 A11.1.24 UnrèBtrlcted fundg UnrestriLtted Centr81 FIxj A&8el Fund RevakJ8tron Reserve 8.397,786 981.213 424.761 1.820.358 112,9851 1115.0(K)I 10.218,144 88.228 309.761 9.803,7eO 1.692.373 11,498,133 TOTAL FUNDS 9,803,760 1,692.373 I1.4.133 A ¢)Jrrent 12 morth and prior year 12 rncth cc(nbined net Movent in fijnds. includad In st are Inct)ming Resourtts 8XPgndgd Galr& and Movement in tJnds Unrn8lrtctèd fund8 Unrestricted Central Funds Fix&Y Asset Fund Revaluation ReseNe &)0,294 1745,8391 112,9851 1,965,703 1,820,358 112,9851 1115,0001 1115,CNXI) 600,294 1758,6241 1.89).703 1,692,373 TOTAL FUNDS &JO,294 1758,6241 1.8.703 1,692,373 The Fix&J Assèt Fund represents the net book vaue ol assets fijnded frcm unr8Stnct8d rot. 16. CAPtTAL commmENTs Tre no cornmthents a3 at 31st Dec4mber2025 or224. 17. RELATED PARTY DISCLOSURES IUd in debtors is an amount du6 frcm Assooabon Ud, a Telatsd party. amounting to £100 12024.. £1001. The board ofwhlte Ribb)n Assoc4. Ltd L% COMpts ofTN$tees frorn the charity. 18. POST BALANCE SHEET EVENTS Tho tharty is involved in a kgal dIute vmlh the FreeIder 0129 Neth8rwood Road. Thi8 has resort&1 in three court hnn9$ which wew onyoing as at the 2025 year end. The tharity has incurred sKJnfficant Iegal fees in ralab.on to this case. Thi¥ has been tr98tl as detsiw below in the 2025 accounts.. Tho first L*im {P8rt 81 w85 struck out and the charity was awarded costs from thg Ft99holdèr. £7,898.05 w8S reeewed by tre charity in Marth 2026. has been rewJnL8ed in these 8eo)unts. s¢(¥Jnd claim IMCOLI was Iard in March 2028. £5,150 was Aw8rdad to thè eharity in r8Lqlv)n to this dgim. This ha8 been rwnBed in these accv The thKd dam (Tribunal) ¢xmmenced in February 2026. A dale has yet tts be fved for the u)ndusK)n of ths rjaim Due to th6 daim being ongoing, aThJ the unc•rtainty of award, no 8djustrnenl has begn i8d in th8 2025 year end attounts. Pagg 17